Stocks On The Move - June 30

Stocks Rise on Heavy Volumn:

• RSA Security Inc. (RSAS): the EMC buy out send shares of the Bedford, MA based identities up again as the stock soared 18.44% or $4.22 to new 52 weeks high of $27.1 per share, almost at the buyout price of $28 per share. In the last trading session the stock was already up 18% as the firm confirmed possible buyout deal. The stock was the fifth biggest winner and the tenth heaviest traded on Nasdaq today with 43 million shares traded or eighteen times average volumn.
• Vertex Pharmaceuticals Inc. (VRTX): shares of Cambridge, MA based cancer and hepatitis C drug maker surged 14.61% or $4.68 to $36.71 per share on partnership with Johnson & Johnson to develop and commercialize a new hepatitis C drug. The stock was the fourteenth leading gainer on Nasdaq today with eight times average volumn of 15 million shares exchanged hands.

Stocks Drop on Heavy Volumn:

• Airspan Networks, Inc. (AIRN): the wireless telecommunication equipment maker plunged 34.06% to new 52 weeks low of $2.42 per share after the company said it will delay deliveries of wireless networking equipment to its largest customer. The stock was the worst performer of the day with 15 million shares traded or twenty times average volumn.
• Stratex Networks Inc. (STXN): Stratex Networks, also a wireless telecom equipment maker was down despite posting a strong fourth quarter results. Shares of the network company tumbled 15.67% or 63 cents to $3.39 per share and was the fifth leading decliner on Nasdaq today with 15 million shares exchanged hands.